Perma-Fix Environmental Services (NASDAQ:PESI) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.37 and traded as high as $15.62. Perma-Fix Environmental Services shares last traded at $15.08, with a volume of 96,856 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Perma-Fix Environmental Services to a “sell” rating in a report on Saturday.

Perma-Fix Environmental Services Trading Down 1.5 %

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.56. The business has a fifty day simple moving average of $12.70 and a 200 day simple moving average of $11.37. The stock has a market cap of $238.28 million, a price-to-earnings ratio of -30.16 and a beta of 0.48.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($0.26) EPS for the quarter. The company had revenue of $13.99 million for the quarter. Perma-Fix Environmental Services had a negative net margin of 9.82% and a negative return on equity of 15.78%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in shares of Perma-Fix Environmental Services in the second quarter valued at approximately $110,000. Rhumbline Advisers purchased a new stake in Perma-Fix Environmental Services in the 2nd quarter worth approximately $134,000. Fermata Advisors LLC raised its holdings in Perma-Fix Environmental Services by 22.9% in the 2nd quarter. Fermata Advisors LLC now owns 15,086 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 2,811 shares during the last quarter. Thompson Davis & CO. Inc. lifted its stake in shares of Perma-Fix Environmental Services by 20.7% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 14,305 shares of the industrial products company’s stock worth $176,000 after purchasing an additional 2,450 shares during the period. Finally, Quent Capital LLC acquired a new stake in shares of Perma-Fix Environmental Services during the third quarter worth $198,000. 25.52% of the stock is currently owned by hedge funds and other institutional investors.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company through Treatment and Services segments. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.